Singapore announces new property cooling measures – foreign buyer stamp duty doubled

Singapore has been addressing rising house prices with a third round of measures since December 2021.

newly announced:

  • Foreigners who purchase any residential property in Singapore from today, 27 April 2023, will have to pay an additional Buyer’s Stamp Duty (ABSD) of 60 per cent after doubling it from 30 per cent.
  • Singaporeans buying their second residential property will pay an ABSD rate of 20 per cent, up from 17 per cent
  • Those who buy their third and subsequent residential properties will have to pay a 30 percent increase, up from 25 percent.

And the, There is more, click here if you are interested.

Do you even listen to Australia, Canada, New Zealand…among others?

AUD

Australian dollars

The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands and Norfolk Island, as well as the Pacific Independent States. In the world, behind only the US dollar, the euro, the Japanese yen and the pound sterling, the currency is very important to the forex markets and is routinely used as a carry trade against other major currencies. Bank

The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands and Norfolk Island, as well as the Pacific Independent States. In the world, behind only the US dollar, the euro, the Japanese yen and the pound sterling, the currency is very important to the forex markets and is routinely used as a carry trade against other major currencies. Bank
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announcesBuyercoolingdoubleddutyForeignmeasuresPropertySingaporestamp